Cyprus University Students Take On Equity Research Challenge With Logicom

by THEFUTURE.TEAM

November 4, 2026

University students across Cyprus will compete in the 2026–27 CFA Society Cyprus Research Challenge, analysing listed technology group Logicom Public Ltd as this year’s subject company.

The competition officially launched on October 29 at Eurobank Cyprus’s head office in Nicosia, bringing together university teams, faculty advisers, industry mentors and Logicom representatives.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Putting Investment Analysis Into Practice

Organised by the CFA Institute, the annual competition gives students practical experience in equity research and investment analysis. Participants work in teams to assess a publicly listed company, prepare a research report and present their findings to a panel of industry professionals.

Over the coming months, teams will analyse Logicom’s business model, financial performance and future prospects, supported by faculty advisers and mentors holding the Chartered Financial Analyst (CFA) designation. Their reports must include a buy, sell or hold recommendation.

The local final is scheduled for February 2027, with the winning team going on to represent Cyprus at the regional stage.

Developing Skills And Industry Connections

Beyond financial analysis and company valuation, the challenge helps students develop research writing, teamwork and presentation skills. Working to real-world deadlines and engaging with senior management also gives participants insight into how investment research is conducted in practice.

CFA Society Cyprus says previous participants have often credited the experience with influencing their career choices. For employers, the competition offers an opportunity to connect with emerging talent in the local financial sector.

The programme also introduces students to the CFA Institute Code of Ethics and Standards of Professional Conduct, highlighting the importance of integrity and professional responsibility in investment research.

Supporting Future Finance Professionals

“The Research Challenge is one of the most valuable experiences we can offer students who are considering a career in investment management,” said Stella Mourouzidou-Damtsa, CFA, University Relations and Research Challenge Committee chair at CFA Society Cyprus.

“It takes them beyond the classroom and asks them to think, analyse and present like professional analysts,” she added.

Mourouzidou-Damtsa also thanked Logicom for participating as this year’s subject company and giving students access to its business. She said she looked forward to seeing the insight and creativity each team would bring to the competition.

CFA Society Cyprus is a non-profit member society of the CFA Institute representing investment professionals in Cyprus. It promotes ethical standards, education and professional excellence through events, educational programmes and initiatives supporting the local investment community.

The Future Forbes Realty Global Properties

Cyprus Government Surplus Rises To €1.61 Billion In First Nine Months Of 2026

by THEFUTURE.TEAM

November 5, 2026

Cyprus recorded a general government surplus of €1.61 billion in the first nine months of 2026, equal to 4.0% of gross domestic product, as revenue growth outpaced the rise in public spending. Higher receipts from income taxes, social contributions and value-added tax (VAT) drove the improvement, while lower capital expenditure helped restrain spending.

Preliminary figures released Tuesday by the Statistical Service of Cyprus show the surplus rose to €1.17 billion, or 3.0% of GDP, up from € 442.1 million in the same period of 2025.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Total government revenue increased 6.5% to €12.09 billion, while expenditure rose 2.9% to €10.48 billion.

Key Fiscal Measure	January–September 2025	January–September 2026
Total revenue	€11,353.9 million	€12,091.8 million
Total expenditure	€10,186.2 million	€10,482.1 million
Government surplus	€1,167.6 million	€1,609.7 million
Surplus as a share of GDP	3.0%	4.0%

Income Taxes And VAT Lead Revenue Growth

Taxes on income and wealth made the largest contribution to the increase in revenue. Receipts in this category climbed by €442.2 million, or 15.3%, to €3.34 billion, compared with €2.89 billion a year earlier.

Social contributions rose by €235 million, or 6.6%, to €3.78 billion. Taxes on production and imports increased by €251.5 million, or 7.2%, reaching €3.77 billion.

Net VAT receipts, after refunds, totalled €2.64 billion, up €293.1 million, or 12.5%, from €2.35 billion in the first nine months of 2025.

Some Revenue Streams Decline

Not all revenue categories moved higher. Capital transfers fell by €74.6 million to €96.7 million, while current transfers declined by €71.6 million, or 20.5%, to €278.2 million.

Revenue from services slipped 1.0% to €743.5 million. Interest and dividend receipts dropped by €37 million, or 28.6%, to €92.4 million.

Social Benefits And Personnel Costs Increase

On the expenditure side, social benefits rose by €199.6 million, or 4.9%, to €4.27 billion. Compensation of employees—which includes imputed social contributions and public-sector pensions—increased by €108.3 million, or 3.8%, to €2.99 billion.

Intermediate consumption, covering goods and services used in the delivery of public services, rose by €114.3 million, or 11.0%, to €1.16 billion. Interest payments increased by €8.7 million, or 2.6%, to €340.7 million. Current transfers were up €68.7 million, or 10.6%, at €714.7 million.

Lower Capital Spending Limits Expenditure Growth

The overall increase in spending was tempered by a decline in capital expenditure. Capital-account spending fell by €189.9 million, or 16.9%, to €936.2 million from €1.13 billion in the same period last year.

Investment in fixed capital declined by €94.1 million, or 12.1%, to €686.4 million. Other capital transfers fell by €95.8 million, or 27.7%, to €249.8 million. Subsidies also decreased, dropping by €13.9 million, or 15.5%, to €75.8 million.

Breaking news